Mary Greeley: Making a Financial Impact
Boost in Business Acumen Sets Hospital Leaders on Path to Better Financial Health.
The leadership team at Mary Greeley Medical Center in Ames, Iowa, is approaching staffing, supply, and medical unit management differently since a Celemi Apples & Oranges™ Health Care simulation showed them how even subtle efficiency and strategic shifts can affect the hospital’s revenue cycle.
I have three key takeaways and I won’t forget them—rightsize consumables, reduce unused capacity, and seek out opportunities for incremental revenue.
— Leadership Team Member, Mary Greeley Medical Center
Now they are connecting dots, asking questions, generating ideas, and initiating changes that are improving patient satisfaction, engaging employees, and getting budget goals back on track. In six months, their operating margin went from -2.0 percent to +3.4 percent, resulting in a 5.4 percent gain.